North Carolina Construction Management Agreement

• Category: Construction - Management
• State: Multi-State
• Control #: US-02299BG
• Format: Word; PDF; Rich Text

Description

Construction Management Agreement A North Carolina Construction Management Agreement is a legally binding contract that governs the relationship between a construction manager (CM) and the owner of a construction project in North Carolina. This agreement outlines the roles, responsibilities, and obligations of both parties to effectively manage and execute a construction project. It covers various aspects such as project delivery methods, cost estimation, scheduling, risk management, quality control, and dispute resolution. Keywords: North Carolina, Construction Management Agreement, legally binding contract, construction manager, owner, construction project, roles, responsibilities, obligations, project delivery methods, cost estimation, scheduling, risk management, quality control, dispute resolution. Types of North Carolina Construction Management Agreements: 1. Agency Construction Management Agreement: This type of agreement establishes a relationship where the construction manager acts as an agent on behalf of the owner. The CM provides expertise, guidance, and coordination throughout the project, but the owner holds direct contractual relationships with subcontractors and suppliers. 2. At-Risk Construction Management Agreement: In this agreement, the construction manager assumes more risk and acts as a general contractor. The CM is responsible for managing the construction project from start to finish, including subcontractor selection, procurement, and construction. The owner has a single point of contact, making it easier to streamline communication. 3. Advisory Construction Management Agreement: This agreement involves the construction manager providing professional advice and guidance to the owner without assuming any risk or direct management responsibilities. The CM ensures that the project complies with regulations, offers recommendations, and assists with contractor selection and project oversight. 4. Shared Savings Construction Management Agreement: This type of agreement incentivizes the construction manager to achieve cost savings for the owner. A pre-agreed portion of the saved costs is shared between the CM and the owner. This encourages the CM to find cost-effective solutions without compromising project quality. 5. Cost-Plus-Fee Construction Management Agreement: Under this agreement, the construction manager is reimbursed for the actual costs incurred during the project, including labor, materials, and subcontractor costs. Additionally, the CM receives a prenegotiated fee or percentage of the total project cost. Keywords: Agency Construction Management Agreement, At-Risk Construction Management Agreement, Advisory Construction Management Agreement, Shared Savings Construction Management Agreement, Cost-Plus-Fee Construction Management Agreement.

A North Carolina Construction Management Agreement is a legally binding contract that governs the relationship between a construction manager (CM) and the owner of a construction project in North Carolina. This agreement outlines the roles, responsibilities, and obligations of both parties to effectively manage and execute a construction project. It covers various aspects such as project delivery methods, cost estimation, scheduling, risk management, quality control, and dispute resolution. Keywords: North Carolina, Construction Management Agreement, legally binding contract, construction manager, owner, construction project, roles, responsibilities, obligations, project delivery methods, cost estimation, scheduling, risk management, quality control, dispute resolution. Types of North Carolina Construction Management Agreements: 1. Agency Construction Management Agreement: This type of agreement establishes a relationship where the construction manager acts as an agent on behalf of the owner. The CM provides expertise, guidance, and coordination throughout the project, but the owner holds direct contractual relationships with subcontractors and suppliers. 2. At-Risk Construction Management Agreement: In this agreement, the construction manager assumes more risk and acts as a general contractor. The CM is responsible for managing the construction project from start to finish, including subcontractor selection, procurement, and construction. The owner has a single point of contact, making it easier to streamline communication. 3. Advisory Construction Management Agreement: This agreement involves the construction manager providing professional advice and guidance to the owner without assuming any risk or direct management responsibilities. The CM ensures that the project complies with regulations, offers recommendations, and assists with contractor selection and project oversight. 4. Shared Savings Construction Management Agreement: This type of agreement incentivizes the construction manager to achieve cost savings for the owner. A pre-agreed portion of the saved costs is shared between the CM and the owner. This encourages the CM to find cost-effective solutions without compromising project quality. 5. Cost-Plus-Fee Construction Management Agreement: Under this agreement, the construction manager is reimbursed for the actual costs incurred during the project, including labor, materials, and subcontractor costs. Additionally, the CM receives a prenegotiated fee or percentage of the total project cost. Keywords: Agency Construction Management Agreement, At-Risk Construction Management Agreement, Advisory Construction Management Agreement, Shared Savings Construction Management Agreement, Cost-Plus-Fee Construction Management Agreement.